Car insurance questions for older drivers

Car insurance issues of older drivers

All drivers experience changes in their lives that can affect their auto insurance premiums, such as buying a new car or adding another driver to their policy. But there are some life changes shared by older drivers that can trigger a review of their policy and probably will affect their premiums for better or worse.

To pinpoint the key changes older drivers should know, Bankrate turned to two car insurance experts. Mike Barry is a vice president at the Insurance Information Institute, a nonprofit information service supported through membership by the majority of insurance companies.

Elaine Baisden is a vice president at Travelers Insurance. She says a simple rule of thumb for older drivers is that any change impacting vehicle use should trigger a car insurance review.

According to Barry, every driver should review his auto insurance policy once a year, regardless of age or major life changes.

Although the following five events could apply to a driver of any age, older drivers are more likely to experience them because of the normal issues of aging.

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